PRZOOM - /newswire/ -
Palo Alto, CA, United States, 2007/06/19 - New analysis from Frost & Sullivan, U.S. Metalworking Fluid Additives Market, reveals that the market earned revenues of $406.5 million in 2006 and estimates to reach $499.4 million in 2013.
The market for metalworking fluid additives in the United States is becoming increasingly competitive with metalworking additive formulators competing fiercely to meet their customer demands and maintain their market presence. Though major metalworking fluid additives have become an established product, the market is still dynamic with technological advancements such as high speed machining and natural lubricants providing opportunities for growth.
New analysis from Frost & Sullivan (chemicals.frost.com), U.S. Metalworking Fluid Additives Market, reveals that the market earned revenues of $406.5 million in 2006 and estimates to reach $499.4 million in 2013.
If you are interested in a virtual brochure, which provides manufacturers, end users, and other industry participants an overview of the latest analysis of the U.S. Metalworking Fluid Additives Market, then send an email to Vanessa Quezada - Corporate Communications at vanessa.quezada[.]frost.com with the following information: your full name, company name, title, telephone number, email address, city, state, and country. We will send you the information via email upon receipt of the above information.
“The continuing drive toward environmentally safer products coupled with the increasing use of semi-synthetic fluids and synthetic fluids are expected to increase the demand for metalworking fluid additives,” says Frost & Sullivan Research Analyst Sreeram.R. “Though major metalworking fluid additives have become an established product, the market is still dynamic with technological advancements such as high-speed machining and natural lubricants providing opportunities for growth.”
Recent technological advancements have seen operations being performed at higher speed, temperature and pressures. These operations would require usage of suitable additives to provide good surface finish and protect the machining tool. With growing instances of semi-synthetic fluids replacing soluble oils in cutting operations, it would require more usage of specific additives. These are expected to spur the demand for metalworking fluid additives.
However, metalworking fluid products are highly price sensitive. Thus, improving cost effectiveness of additive products while delivering improved performance is a major challenge facing the metalworking fluid additive manufacturers.
"The increasing crude oil prices have increased raw material costs, transportation costs and subsequently production costs," explains Sreeram. "Pressure to keep the price-sensitive customers satisfied may make metalworking fluid formulators demand the additive manufacturers to deliver products at reduced prices."
In a competitive market, a strong technical support service to back a competitive product is a means to achieve the same. This factor assumes increasing importance as metalworking customers such as automotive majors expand globally and would like to get the same quality of service in the relocated regions.
U.S. Metalworking Fluid Additives Market is part of the Chemicals & Materials Growth Partnership Service, and it provides a detailed analysis in terms of forecasts by product types. In this research, Frost & Sullivan's expert analysts thoroughly examine the following additive types: surfactants and emulsifiers, corrosion inhibitors, extreme pressure additives, biocides and other metalworking fluid additives. Interviews with the press are available.
About Frost & Sullivan
Frost & Sullivan, a global growth consulting company, has been partnering with clients to support the development of innovative strategies for more than 40 years. The company's industry expertise integrates growth consulting, growth partnership services, and corporate management training to identify and develop opportunities. Frost & Sullivan serves an extensive clientele that includes Global 1000 companies, emerging companies, and the investment community by providing comprehensive industry coverage that reflects a unique global perspective and combines ongoing analysis of markets, technologies, econometrics, and demographics.